AMZN Trading at Support

amzn

With every Central Bank East of Mars and West of Venus printing fresh, free,fiat currency.... with zero interest rate policy here from now until the bitter end, every growth stock (cue in CRM theme song) should see money pouring into it. P/E 1,000? 2,000? Who needs a PE when you've got QE! Which takes me to AMZN. AMZN bounced off support today and looks ripe for a run to the low $190's.

For the risk takers out there tomorrow's $180 calls are at $.60. For the risk adverse -- the March 2nd $185 calls are going for $1.02.

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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